James Gunn Says the DCU’s Future Is ‘Unknown’ After Netflix-Warner Bros. Shake-Up

On December 5, 2025, it was announced that Netflix had reached an agreement to purchase Warner Bros.'s film and TV studios, including HBO and HBO Max. While the deal, which has been approximated at being valued at $82.7 billion, still might not go through, it will have huge effects if it comes to fruition.

If Netflix makes the massive purchase, it will gain the rights to a slew of TV shows and movie franchises. One of the most notable things that Netflix will gain in the proposed deal is...